ALL >> Business >> View Article
Dmi Group Raises $200 Million Via Ncd's
New Delhi: Financier DMI Group has raised $200 million from overseas investors by selling rupee-denominated non-convertible debentures (NCD’s) to them despite tight liquidity conditions in global and local credit markets.
The floatation received subscription from ultra-high net worth families, endowments, financial institutions and corporations in Asia and Europe, according to a company executive.
The Delhi-headquartered financier operates in the consumer lending and affordable housing segments.
It has a tie-up with consumer electronics major Samsung for financing mobile phones sold to its customers.
“DMI continues to demonstrate its ability to raise global institutional capital even in turbulent times. This is a validation of the robustness of our business and our governance standards”, a company spokesperson said.
DMI Group was founded by two former Citigroup executives, Shivashish Chatterjee and Yuvraj Singh, over a decade ago. Amongst early backers of the company include the Burman family of Dabur.
The group has deployed Rs. 15,000 crore in India so far. A bulk of its business comprises lending to the retail segment.
DMI Group recently forayed into affordable housing. It has an asset management arm that made some investments in real estate projects. The company is planning to ramp up its digital lending business.
The group has a Reserve Bank of India licence for running a non-bank finance company and a housing finance company licence from National Housing Bank.
The Co-founders were both managing directors at Citi’s proprietary trading unit in New York before they returned to India to start the finance company.
DMI has a pan-India presence with 40 offices. The group has raised $700 million in equity funding since inception. Its largest investor is Leichtenstein-based asset manager New Investment Solutions. Read more : https://www.dmifinance.in/
Business Articles1. Lhrf50assy | Eaton Lighthouse Pedestal Retro-fit Conversion Kits
Author: Devin Herz
2. Socrates Vasiliades |avima Iron Ore
Author: Socrates Vasiliades
3. Types Of Heavy Equipment You Can Hire For Your Business Operations
Author: Mantikore Cranes
4. Release Coatings Market Size, Share, Growth | Covid -19 Impact Analysis, Demand And Forecast 2023
5. Sap Concur Solutions | Sap Concur Expense Management And Web Services | Concur Aws | Erp Logic
6. Beautiful Tallit For Women To Grace Any Religious Event
Author: Galilee Silks
7. Why Language Translation Services Are Important?
8. Importance Of Translation Services In The World
9. Importance Of Hindi Translation In The Travel And Tourism Industry
10. How Are Translation Services Becoming More Important Every Day?
11. Gain More Followers For Your Blog By Employing Translation Companies In Delhi
12. The Best Turnkey Script To Use For A Multi-vendor Store Similar To Etsy
13. Office Rubbish Removal In London To Ensure Safe Removal And Disposal Of Junk
Author: Anu Walia
14. What Is The Best Journal To Publish Research Paper?
Author: Ravindra Sharma
15. Thermoplastics Is The Call Of Sustainable Future
Author: Michael Luis